The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 11, 2020
Filed:
Dec. 02, 2016
Walmart Apollo, Llc, Bentonville, AR (US);
Ming Li, Bentonville, AR (US);
Rahul Tripathi, Bentonville, AR (US);
Anindya S. Dey, Bangalore, IN;
Mainak Mitra, Kolkata, IN;
Manish K. Barnwal, Burdwan, IN;
Mariana Pop, Bentonville, AR (US);
Nikesh K. Srivasatava, Bangalore, IN;
Stephen Steel, Bentonville, AR (US);
Yashas Bharadwaj, Bentonville, AR (US);
Aaron Ryan, Rogers, AR (US);
Paul Schaefer, Bella Vista, AR (US);
Lakshmi Bhaswanth Ramireddy, Bentonville, AR (US);
Walmart Apollo, LLC, Bentonville, AR (US);
Abstract
In some embodiments, apparatuses and methods are provided herein useful to forecasting product demand. In some embodiments, a system comprise a forecasting control circuit to: apply each of a plurality of different models to forecast demand of a first product over a first historic period generating historic forecasted demands of the first product, wherein at least a first model uses selected one or more variables that are predicted to have an uncharacteristic effect on predicted demand; select one of the models and apply the model in generating a forecasted future demand, wherein the selection of the model is based on a difference between each of the generated historic forecasted demands and actual sales; and identify actions to modify inventory of the first product at the first shopping facility based on the forecasted future demand.